Global Digital Agriculture Market Overview
According to SPER Market Research, the Global Digital Agriculture Market is estimated to reach USD 55.40 billion by 2033 with a CAGR of 10.76%.
Digital agriculture uses cutting-edge technology to enhance farming practises, including sensors, drones, artificial intelligence, and data analytics. It assists farmers in making wiser decisions by using sensors to track soil moisture, temperature, and nutrient levels. Drones capture aerial photographs of farms to spot crop health problems early on. In order to provide information on crop growth, weather patterns, and market trends, artificial intelligence and data analytics analyse data. This aids farmers in streamlining farming techniques, boosting yields, and improving decision-making. By arming farmers with knowledge and tools for a future of reliable food supply, digital agriculture aims to increase farming's productivity, sustainability, and profitability.
Exploring the Growth Drivers of the Global Digital Agriculture Industry.
Several variables are influencing the expansion of the global digital agriculture market. First, as the world's population grows, there is a greater demand for food, which digital agriculture effectively satisfies. Second, technological developments have made digital tools for farmers more available and affordable, enabling more farmers to adopt these practises. Thirdly, digital agriculture offers solutions to climate change-related problems like efficient resource management and resource monitoring. Furthermore, farmers can make wise decisions and optimise their practises thanks to the accessibility of enormous amounts of data and sophisticated analytics techniques. The emphasis on sustainability is also growing, and digital agriculture encourages sustainable farming methods by reducing waste and conserving resources. These factors are shaping agriculture to be more efficient, sustainable, and responsive to our changing world.
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What challenges does the Global Digital Agriculture Market face?
There are several obstacles facing the global digital agriculture market. A significant barrier is the cost of implementing digital technologies, particularly for small-scale farmers who may not have the necessary financial resources. The smooth operation of digital tools is hampered by inadequate internet connectivity in rural areas. Farmers who lack technical expertise and training face challenges as a result of the complexity of these technologies. Due to the sensitive information that is gathered and stored, data privacy and cybersecurity are issues. Access to digital agriculture technologies is uneven due to the digital divide. Farmers familiar to using traditional methods are resistant to change, which prevents adoption on a large scale. Investments in infrastructure, better connectivity, training programmes, cybersecurity measures, and initiatives to close the digital divide are all necessary to address these issues. Overcoming these obstacles will unlock the full potential of digital agriculture for farmers and the global agricultural sector.
In what ways has the COVID-19 pandemic affected Global Digital Agriculture Market?
COVID-19 disrupted global supply chains, increased demand for digital agriculture solutions, and highlighted the importance of food security. It revealed challenges in terms of access, implementation, and financial constraints for farmers. However, it also fostered innovation and collaboration, driving the development of new solutions and increasing support for the global digital agriculture market.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Type, By Technology, By Operation, By Deployment, By Company Type, By Designation, By Application, By Offering
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Accenture, Ag Gateway, AGCO Corporation, Agreena, Agri Webb, AKVA Group, BASF SE, Bayer Crop science AG, CISCO Systems Inc., CropX Inc., Deere & Company, DeLaval, Digital Globe, DJI, DTN, Epicor Software Corporation, Eurofins Scientific, Farmers Business Network, Farmers Edge Inc., Gamaya, Hexagon AB, IBM Corporation, Monsanto Company, Precision Hawk, Raven Industries, Small Robot Company, Syngenta AG, Taranis, Telus agriculture, Trimble Inc., Vodafone Group Plc, Zemdirbių Konsultacijos UAB
|
Key Target Audience
- Farmers
- Agricultural cooperatives
- Agricultural technology companies
- Agricultural input suppliers
- Agricultural equipment manufacturers
- Agricultural service providers
- Food processors
Global Digital Agriculture Market Segmentation:
1. By Component:
- Global Digital Agriculture Market Value Share and Forecast, By Component, 2023-2033
- Hardware
- Services
- Software
2. By Type:
- Global Digital Agriculture Market Value Share and Forecast, By Type, 2023-2033
- Artificial Intelligence
- Crop Monitoring
- Precision Farming
- 3. By Technology:
- Global Digital Agriculture Market Value Share and Forecast, By Technology, 2023-2033
- Core Technologies
- Peripheral Technologies
4. By Company Type:
- Global Digital Agriculture Market Value Share and Forecast, By Company Type, 2023-2033
- Tier 1-55%
- Tier 2-20%
- Tier 3-25%
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Digital Agriculture Market Size (FY’2023-FY’2033)
- Overview of Global Digital Agriculture Market
- Segmentation of Global Digital Agriculture Market By Component {Hardware (Automation and Control Systems, Sensing and Monitoring Device), Services, Software}.
- Segmentation of Global Digital Agriculture Market By Type (Artificial Intelligence, Crop Monitoring, Precision Farming)
- Segmentation of Global Digital Agriculture Market By Technology (Core Technologies, Peripheral Technologies)
- Segmentation of Global Digital Agriculture Market By Operation (Farming and feeding, Marketing and Demand Generation, Monitoring and Scouting)
- Segmentation of Global Digital Agriculture Market By Deployment (Cloud, On-Premise)
- Segmentation of Global Digital Agriculture Market By Company Type (Tier 1-55%, Tier 2-20%, Tier 3-25%)
- Segmentation of Global Digital Agriculture Market By Designation (C-Level Executives-40%, Directors-35%, Others-25%)
- Segmentation of Global Digital Agriculture Market By Application (Crop Scouting, Farm Labor Management, Field Mapping Telematics, Inventory Management, Weather Tracking & Forecasting, Yield Monitoring, Others)
- Segmentation of Global Digital Agriculture Market By Offering (Advisory services, Agri eCommerce, Digital Procurement, Financial services, Precision Agriculture and Farm Management, Quality Management and Traceability)
- Statistical Snap of Global Digital Agriculture Market
- Growth Analysis of Global Digital Agriculture Market
- Problems and Challenges in Global Digital Agriculture Market
- Competitive Landscape in the Global Digital Agriculture Market
- Impact of COVID-19 and Demonetization on Global Digital Agriculture Market
- Details on Recent Investment in Global Digital Agriculture Market
- Competitive Analysis of Global Digital Agriculture Market
- Key Players in the Global Digital Agriculture Market
- SWOT Analysis of Global Digital Agriculture Market
- Global Digital Agriculture Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Digital Agriculture Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Digital Agriculture Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Digital Agriculture Market
7. Global Digital Agriculture Market, By Component (USD Million)
7.1. Global Digital Agriculture Market Value Share and Forecast, By Component, 2023-2033
7.2. Hardware
7.2.1. Automation and Control Systems
7.2.1.1. Control Systems, Displays
7.2.1.2. Drones/UAVs
7.2.1.3. Flow and Application Control Devices
7.2.1.4. Global Positioning Systems
7.2.1.5. Guidance and Steering Systems
7.2.1.6. Handheld Mobile Devices/ Handheld Computers
7.2.1.7. Harvesters & Forwarders
7.2.1.8. HVAC Systems
7.2.1.9. Irrigation Controllers
7.2.1.10. LED Grow Lights
7.2.1.11. Robotics Hardware
7.2.1.12. Variable Rate Controllers
7.2.1.13. Others
7.2.2. Sensing and Monitoring Device
7.2.2.1. Camera Systems
7.2.2.2. Climate Sensors
7.2.2.3. EC Sensors
7.2.2.4. pH and Dissolved Oxygen Sensors
7.2.2.5. RFID and Sensors for Precision Forestry
7.2.2.6. RFID tags & Readers for Livestock Monitoring
7.2.2.7. Sensors for Livestock Monitoring
7.2.2.8. Sensors for Smart Greenhouse
7.2.2.9. Soil Sensors
7.2.2.10. Temperature and Environmental Monitoring
7.2.2.11. Water Sensors Yield Monitor
7.3. Services
7.3.1. Assistant Professional Services
7.3.2. Connectivity Services
7.3.3. Maintenance and Support Services
7.3.4. Managed Services
7.3.5. System Integration and Consulting
7.4. Software
7.4.1. AI and Data Analytics
7.4.2. On-Cloud
7.4.3. On-Premises
8. Global Digital Agriculture Market, By Type (USD Million)
8.1. Global Digital Agriculture Market Value Share and Forecast, By Type, 2023-2033
8.2. Artificial Intelligence
8.3. Crop Monitoring
8.4. Precision Farming
9. Global Digital Agriculture Market, By Technology (USD Million)
9.1. Global Digital Agriculture Market Value Share and Forecast, By Technology, 2023-2033
9.2. Core Technologies
9.2.1. AL-ML
9.2.2. Automation
9.2.3. Drones
9.2.4. Robotics
9.3. Peripheral Technologies
9.3.1. Apps
9.3.2. Platforms
10. Global Digital Agriculture Market, By Operation (USD Million)
10.1. Global Digital Agriculture Market Value Share and Forecast, By Operation, 2023-2033
10.2. Farming and feeding
10.2.1. Precision Agriculture
10.2.2. Precision Animal Rearing and Feeding
10.2.3. Precision Aquaculture
10.2.4. Precision Forestry
10.2.5. Smart Greenhouse
10.3. Marketing and Demand Generation
10.4. Monitoring and Scouting
11. Global Digital Agriculture Market, By Deployment (USD Million)
11.1. Global Digital Agriculture Market Value Share and Forecast, By Deployment, 2023-2033
11.2. Cloud
11.3. On-Premise
12. Global Digital Agriculture Market, By Company Type (USD Million)
12.1. Global Digital Agriculture Market Value Share and Forecast, By Company Type, 2023-2033
12.2. Tier 1-55%
12.3. Tier 2-20%
12.4. Tier 3-25%
13. Global Digital Agriculture Market, By Designation (USD Million)
13.1. Global Digital Agriculture Market Value Share and Forecast, By Designation, 2023-2033
13.2. C-Level Executives-40%
13.3. Directors-35%
13.4. Others-25%
14. Global Digital Agriculture Market, By Application (USD Million)
14.1. Global Digital Agriculture Market Value Share and Forecast, By Application, 2023-2033
14.2. Crop Scouting
14.3. Farm Labour Management
14.4. Field Mapping Telematics
14.5. Inventory Management
14.6. Weather Tracking & Forecasting
14.7. Yield Monitoring
14.8. Others
15. Global Digital Agriculture Market, By Offering (USD Million)
15.1. Global Digital Agriculture Market Value Share and Forecast, By Offering, 2023-2033
15.2. Advisory services
15.3. Agri eCommerce
15.4. Digital Procurement
15.5. Financial services
15.6. Precision Agriculture and Farm Management
15.7. Quality Management and Traceability
16. Global Digital Agriculture Market Forecast, 2019-2033 (USD Million)
16.1. Global Digital Agriculture Market Size and Market Share
17. Global Digital Agriculture Market, By Component, 2019-2033 (USD Million)
17.1. Global Digital Agriculture Market Size and Market Share By Component (2019-2026)
17.2. Global Digital Agriculture Market Size and Market Share By Component (2027-2033)
18. Global Digital Agriculture Market, By Type, 2019-2033 (USD Million)
18.1. Global Digital Agriculture Market Size and Market Share By Type (2019-2026)
18.2. Global Digital Agriculture Market Size and Market Share By Type (2027-2033)
19. Global Digital Agriculture Market, By Technology, 2019-2033 (USD Million)
19.1. Global Digital Agriculture Market Size and Market Share By Technology (2019-2026)
19.2. Global Digital Agriculture Market Size and Market Share By Technology (2027-2033)
20. Global Digital Agriculture Market, By Operation, 2019-2033 (USD Million)
20.1. Global Digital Agriculture Market Size and Market Share By Operation (2019-2026)
20.2. Global Digital Agriculture Market Size and Market Share By Operation (2027-2033)
21. Global Digital Agriculture Market, By Deployment, 2019-2033 (USD Million)
21.1. Global Digital Agriculture Market Size and Market Share By Deployment (2019-2026)
21.2. Global Digital Agriculture Market Size and Market Share By Deployment (2027-2033)
22. Global Digital Agriculture Market, By Company Type, 2019-2033 (USD Million)
22.1. Global Digital Agriculture Market Size and Market Share By Company Type (2019-2026)
22.2. Global Digital Agriculture Market Size and Market Share By Company Type (2027-2033)
23. Global Digital Agriculture Market, By Designation, 2019-2033 (USD Million)
23.1. Global Digital Agriculture Market Size and Market Share By Designation (2019-2026)
23.2. Global Digital Agriculture Market Size and Market Share By Designation (2027-2033)
24. Global Digital Agriculture Market, By Application, 2019-2033 (USD Million)
24.1. Global Digital Agriculture Market Size and Market Share By Application (2019-2026)
24.2. Global Digital Agriculture Market Size and Market Share By Application (2027-2033)
25. Global Digital Agriculture Market, By Offering, 2019-2033 (USD Million)
25.1. Global Digital Agriculture Market Size and Market Share By Offering (2019-2026)
25.2. Global Digital Agriculture Market Size and Market Share By Offering (2027-2033)
26. Global Digital Agriculture Market, By Region, 2019-2033 (USD Million)
26.1. Global Digital Agriculture Market Size and Market Share By Region (2019-2026)
26.2. Global Digital Agriculture Market Size and Market Share By Region (2027-2033)
26.3. Asia-Pacific
26.3.1. Australia
26.3.2. China
26.3.3. India
26.3.4. Japan
26.3.5. South Korea
26.3.6. Rest of Asia-Pacific
26.4. Europe
26.4.1. France
26.4.2. Germany
26.4.3. Italy
26.4.4. Spain
26.4.5. United Kingdom
26.4.6. Rest of Europe
26.5. Middle East and Africa
26.5.1. Kingdom of Saudi Arabia
26.5.2. United Arab Emirates
26.5.3. Rest of Middle East & Africa
26.6. North America
26.6.1. Canada
26.6.2. Mexico
26.6.3. United States
26.7. Latin America
26.7.1. Argentina
26.7.2. Brazil
26.7.3. Rest of Latin America
27. Company Profile
27.1. Accenture
27.1.1. Company details
27.1.2. Financial outlook
27.1.3. Product summary
27.1.4. Recent developments
27.2. Ag Gateway
27.2.1. Company details
27.2.2. Financial outlook
27.2.3. Product summary
27.2.4. Recent developments
27.3. AGCO Corporation
27.3.1. Company details
27.3.2. Financial outlook
27.3.3. Product summary
27.3.4. Recent developments
27.4. Agreena
27.4.1. Company details
27.4.2. Financial outlook
27.4.3. Product summary
27.4.4. Recent developments
27.5. Agri Webb
27.5.1. Company details
27.5.2. Financial outlook
27.5.3. Product summary
27.5.4. Recent developments
27.6. AKVA Group
27.6.1. Company details
27.6.2. Financial outlook
27.6.3. Product summary
27.6.4. Recent developments
27.7. BASF SE
27.7.1. Company details
27.7.2. Financial outlook
27.7.3. Product summary
27.7.4. Recent developments
27.8. Bayer Crop science AG
27.8.1. Company details
27.8.2. Financial outlook
27.8.3. Product summary
27.8.4. Recent developments
27.9. CISCO Systems Inc.
27.9.1. Company details
27.9.2. Financial outlook
27.9.3. Product summary
27.9.4. Recent developments
27.10. CropX Inc.
27.10.1. Company details
27.10.2. Financial outlook
27.10.3. Product summary
27.10.4. Recent developments
27.11. Deere & Company
27.11.1. Company details
27.11.2. Financial outlook
27.11.3. Product summary
27.11.4. Recent developments
27.12. DeLaval
27.12.1. Company details
27.12.2. Financial outlook
27.12.3. Product summary
27.12.4. Recent developments
27.13. Digital Globe
27.13.1. Company details
27.13.2. Financial outlook
27.13.3. Product summary
27.13.4. Recent developments
27.14. DJI
27.14.1. Company details
27.14.2. Financial outlook
27.14.3. Product summary
27.14.4. Recent developments
27.15. DTN
27.15.1. Company details
27.15.2. Financial outlook
27.15.3. Product summary
27.15.4. Recent developments
27.16. Epicor Software Corporation
27.16.1. Company details
27.16.2. Financial outlook
27.16.3. Product summary
27.16.4. Recent developments
27.17. Eurofins Scientific
27.17.1. Company details
27.17.2. Financial outlook
27.17.3. Product summary
27.17.4. Recent developments
27.18. Farmers Business Network
27.18.1. Company details
27.18.2. Financial outlook
27.18.3. Product summary
27.18.4. Recent developments
27.19. Farmers Edge Inc.
27.19.1. Company details
27.19.2. Financial outlook
27.19.3. Product summary
27.19.4. Recent developments
27.20. Gamaya, Hexagon AB
27.20.1. Company details
27.20.2. Financial outlook
27.20.3. Product summary
27.20.4. Recent developments
27.21. IBM Corporation
27.21.1. Company details
27.21.2. Financial outlook
27.21.3. Product summary
27.21.4. Recent developments
27.22. Monsanto Company
27.22.1. Company details
27.22.2. Financial outlook
27.22.3. Product summary
27.22.4. Recent developments
27.23. Precision Hawk
27.23.1. Company details
27.23.2. Financial outlook
27.23.3. Product summary
27.23.4. Recent developments
27.24. Raven Industries
27.24.1. Company details
27.24.2. Financial outlook
27.24.3. Product summary
27.24.4. Recent developments
27.25. Small Robot Company
27.25.1. Company details
27.25.2. Financial outlook
27.25.3. Product summary
27.25.4. Recent developments
27.26. Syngenta AG
27.26.1. Company details
27.26.2. Financial outlook
27.26.3. Product summary
27.26.4. Recent developments
27.27. Taranis
27.27.1. Company details
27.27.2. Financial outlook
27.27.3. Product summary
27.27.4. Recent developments
27.28. Telus agriculture
27.28.1. Company details
27.28.2. Financial outlook
27.28.3. Product summary
27.28.4. Recent developments
27.29. Trimble Inc.
27.29.1. Company details
27.29.2. Financial outlook
27.29.3. Product summary
27.29.4. Recent developments
27.30. Vodafone Group Plc
27.30.1. Company details
27.30.2. Financial outlook
27.30.3. Product summary
27.30.4. Recent developments
27.31. Zemdirbių Konsultacijos UAB
27.31.1. Company details
27.31.2. Financial outlook
27.31.3. Product summary
27.31.4. Recent developments
28. List of Abbreviations
29. Reference Links
30. Conclusion
31. Research Scope